Dollar General (NYSE:DG – Free Report) had its target price upped by Raymond James from $150.00 to $165.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.
Several other equities analysts have also weighed in on DG. Telsey Advisory Group upgraded shares of Dollar General from a market perform rating to an outperform rating and increased their price target for the company from $155.00 to $170.00 in a research report on Friday. Barclays upgraded shares of Dollar General from an equal weight rating to an overweight rating and increased their target price for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Wells Fargo & Company increased their target price on shares of Dollar General from $110.00 to $122.00 and gave the stock an equal weight rating in a research report on Wednesday, December 6th. Citigroup increased their target price on shares of Dollar General from $115.00 to $138.00 and gave the stock a neutral rating in a research report on Friday, December 8th. Finally, Truist Financial increased their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a hold rating in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $155.28.
Dollar General Stock Performance
NYSE DG opened at $155.76 on Friday. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.83 and a beta of 0.41. The company has a fifty day moving average price of $140.89 and a 200-day moving average price of $128.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.13. Dollar General has a 1 year low of $101.09 and a 1 year high of $222.99.
Dollar General (NYSE:DG – Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.96 earnings per share. As a group, equities research analysts predict that Dollar General will post 7.33 EPS for the current fiscal year.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in DG. Vanguard Group Inc. grew its holdings in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares during the last quarter. Capital International Investors grew its holdings in shares of Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after purchasing an additional 2,273,119 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after purchasing an additional 11,257,537 shares during the last quarter. Capital World Investors grew its holdings in shares of Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after purchasing an additional 133,591 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Dollar General by 11.3% in the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after purchasing an additional 994,813 shares during the last quarter. 90.37% of the stock is owned by hedge funds and other institutional investors.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
Featured Stories
Receive News & Ratings for Dollar General Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dollar General and related companies with MarketBeat.com’s FREE daily email newsletter.
